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[INFOGRAPHIC] Attracting Millennials to Manufacturing: Understanding Millennial Experience in Order to Gain Talent

GlobalTranz

Unfortunately, the passion began to fall through when the oldest millennials entered the workforce in 2007 and saw a huge economic collapse in 2008. For example, a position as a welder, which may be involved in manufacturing, sounds much more lucrative as a “metal repair shop” than a “mass-production manufacturer.” From [link].

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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

for example, compared to shipping state-to-state. For example, Chinese wages have increased 320% since 2000. Overall, from 2001 to 2008 average Asian wages increased 7.1-7.8%, Foxconn, for example, announced plans to reshore in Pennsylvania, investing $40 million for a mostly automated plant. energy costs have dropped.

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Reshoring in America: The Future Outlook, Current Hindrances & Issues, and Ways to Stimulate Reshoring

GlobalTranz

There were 10% fewer manufacturers in 2011 than in 2008—a record low since 1977, when the Census Bureau started collecting Business Dynamics data. However, there are a million fewer manufacturing jobs than in 2008. For example, Apple cannot launch iPhone production in the U.S. Location of factories is fundamental strategy.

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Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

GlobalTranz

manufacturing sector following recent years of reshoring and great slow-down of new off-shoring by major manufacturers, and gradual economic recovery from the 2008 financial markets disaster, appear likely to increase the workforce deficiency over coming decades, in light of ongoing staff shortages. Filling the Skills Gap.

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Trucking Rates Looking to Increase: The Driving Factors & What You Can Do About It

GlobalTranz

Since the collapse of the housing market and the economy in 2008, the freight transportation industry has managed to claw its way out of a damaging situation and maintain historically low trucking rates. However, many 3PL providers also have long-standing agreements with several shipping providers. 3PLs Eat Much of Shipping Costs.

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Current State of the Capacity Crunch

GlobalTranz

The shipping industry saw growth and expansion in 2014 when compared to the state of the industry since 2008. For example, having drivers oversee the individual unloading of freight from a truck can be replaced with drop shipments, allowing drivers to devote more time to getting to the next haul.

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3PL Logistics Companies Up Services to Continue to Meet the Needs of Shippers

GlobalTranz

When the housing market collapsed in 2008 , the US and global economies went into a tailspin. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily. Stocks plunged, layoffs became normal, and shippers scaled back operations in favor of surviving the collapse.